Soria, Inc.

Celebrating Louie and Sue Pedrottis 50th anniversary.!

The employee retention credit.... call us.... we can help.

Full time postion now available!

As a CPA, I believe one of my jobs is to motivate my clients. Business owners always have to motivate and lead others, but sometimes they need a boost themselves.

"Keep away from people who try and belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great." - Mark Twain

They say employees are your most valuable asset. I'm not sure I agree with that. There are all kinds of employees, and many of them, I would not consider an asset. Especially in today's current environment where you have to deal with Millennials and the "me" attitude. If you have a fleet of trucks, but more than half of them run sluggishly, you have to push or simply won't start, no matter how much maintenance you spend....then how much of an asset are they? However, if you do find those employees that are loyal, hardworking and committed to their professions, then I would absolutely reciprocate that with lucrative rewards that the business can give back. Those employees are valuable assets.

IRS Tax Tip: A member of the armed forces can elect to have their nontaxable combat pay included in earned income for purposes of EITC (Earned Income Tax Credit) . Doing so may increase their EITC. You can find the amount of your nontaxable combat pay on your W-2, in box 12, with code Q.

IRS Tax Tip: The IRS cannot issue refunds before mid-February for tax returns that claim the EITC or the additional child tax credit. The law requires the IRS to hold the entire refund - even the portion not associated with the EITC or ACTC.

Tax Cuts and Jobs Act (TCJA) is a massive and of course complicated piece of legislation. So much for filing your taxes on a postcard. However, I'm expecting and seeing good things from it. The new corporate flat tax rate of 21% brings new considerations in how your company is structured. So much going on... make sure your don't miss out.

Soria Payroll:

The new income tax withholding tables have been issued by the IRS. That means many of us should begin to see our net checks increase. The new tax tables reflect the recent changes implemented by the Tax Cuts and Jobs Acts. Employers have until Feb 15th to implement these new withholding rates.

Let us know if we can help!